Mr. Mochizuki to be the New Communications Minister Tokyo, Sept, 11.
Revenues of the Japanese Government during the 1994-35 fiscal year, Whiek ended on March 31, exceeded expenditures by Y.83,997,000 leaving a net Treasury surplus of ¥.11,403,000.
Bond issues during the period, however, totalled ¥.742,542,000, This was. ¥.198,506000 less than the authorized issue of ¥.881,118,000 bonds, mostly of the "red-ink" variety.
These disclosures were made today as Finance Ministry officials Jelosed their books for the year.
Revenue from taxes topped by more than ¥.67,920.000 the anticipated returns of Y.775,263,000, reflecting partistly the boom in the military equipment and export businesses. The total revenve'from this source slone showed Y.94,000,000 increase over the Jamount for the preceding year.
Tnereases in income and business taxes, Deller sales of tobacco and revenue stamps and the cancellation several projected expenditures. were credited for the favourable balance, which has heightened the [hopes of Finance Ministry officials to reduce the projected deftelt_ bond issue by means of which the 1936-37 Dudget is to be balanced. A natural Increase of ¥-100.000,000 in revenue ig expected by these officials unless conditions are radically changed "The Tobacco and salt monopolies and. stamp. sales accounted for ¥4.00000 increase in the Exche-! quer's income—Rengo.
Text read from the printed page and cleaned; old type leaves the occasional error.